All these people that are making use of bots for everything, does it really work out for you all? Okay, I also am a trader, and I see some people that always prefers to make use of trading bots and these people never show results, so what's the point in believing them when they can't even prove they are winning? I don't make use of bots in anything I'm doing, I'm always doing it all by myself. Bots for gambling? Does that make any difference when you're doing by yourself? Will making use of bots mean that you will be winning at all times and making money? Or is it still the same relying on luck sort of thing?
These bots, using the same concept, the same logic which i belive will not help any user to win, the same goes to trading bot, the real working ones are "NOT RELEASING TO THE PUBLIC". In conclude unless you or some IRL knowing friends/ relatives make their own private bot and show to you face-to-face how it going, how is the profit/loss then you would know it working or not. You would see in common these bots provide "features" but not "strategies", I would rather prefer an ugly looking bot but it focus is on strategies, and the developer himself show his own real experience of playing with his bot (profit/loss) stategies. And each release of new version should be on how effective it is, i.e: version 1.0 lost 1.0BTC in 1 month 24/7 betting, version 2.0 lost 1.0BTC in 2 months, version 3.0 did not lose in 3 months, version 4.0 profit 10% in one month. Once you found this kind of bot, it is the real working one you are looking for. |
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I kept seeing the Bitmex wrecked twitter thing and seeing mentions of leverage all over 4chan, but had absolutely no idea what it all meant. It also looked too complicated for me so I've always ignored it. Got bored today and it's actually much simpler than it seems. There's a ton of guides that go super in-depth and those made absolutely no sense to me, so I'm going to explain it from an idiot's perspective. First of all, the draw of Bitmex is you can do what's called Leveraged trading. In the simplest terms possible, it means you multiply your percentage gains/losses. If you go 10x leverage long on bitcoin and bitcoin gains 1%, you gain 10% more money. This is super cool for impatient people like me because it allows you to trade more actively without getting wrecked by fees, and it's ridiculously exciting. Bitmex doesn't allow US users, but supposedly, all you need to do is register under a VPN and you're good to go. I used paid VPN for Bitmex. Yes, it is a paid VPN, but they have a 30 day money back guarantee. You can register on Bitmex with it, then cancel. Or keep it because it's actually a super nice program. Once you're registered, deposit some BTC into your Bitmex wallet. When you first open the trade screen it's going to look super complicated. It's not. Buying Long on a coin means you expect it to go up. Buying short on a coin means you expect it to go down. Playing those buys works like any other Exchange (i.e. Binance). You can set a limit price to buy in at and an amount. to buy. Now you want to pick your leverage. In the menu below that, there's a slider. Again, each multiplier of leverage means every 1% = your leverage multiplier. 1% gain with a 25x leverage means 25% gain. I would start with 2x/3x leverage until you get a good handle on things. The Cost number below the buy long/buy short number is the big one here. With leverage, you're essentially putting loaned money toward a coin. With 10x leverage, you can buy 1 BTC even if you only have .1 BTC (this is why the percentage gains are so drastic). However, this means you can lose it as well. Let's say you bought 1 BTC at $10000, Long at 10x leverage (So you put in $1000). If BTC dropped 10% to $9000, you would lose all $1000 you put in. If it went to $11000, you would gain $1000 and double your money. Bitmex will auto "liquidate you" if you drop too far and don't have any more money to cover (10x leverage means if it drops more than 10% you lose all the money you put in. 25x leverage means if it drops more than 4% you lose all your money). You can change orders on the fly and constantly adjust. Let's say BTC raised to $10100 (1%). You could then sell your long order and you will have gained 10% and now you can invest your $1100. Like I said, there's a ton of guides out there that go into the more fancy TA and ways you can adjust orders, but this should provide a quick overview to get you started. They have a testnet site where you can practice with fake money first as well.
BTC has been interesting the last few days. Been shorting 9500 and longing at 9000, done fairly well!
Personally going long on BTC early morning tomorrow. Not sure what will happen tonight It is 2019 now. What can you say about trading with Bitmex currently? Is it still risky? I am considering to work with Bitmex but want to hear any news. Please share your experience if you still work with Bitmex. Thank you in advance. I had bad experience with bitmex, their system would probably get fucked up during a high viotality period, you would/ certainly can't log in during this time to adjust your orders and got it liquidated if the price move against your favour. IF you like high leverage trading, may be you could look at kraken to try, they offer the same thing and the same fees structure for future products by now. |
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Split your recovery keys into multiple parts and save in different cloud storage is ok thought. i.e 1-8 words onedrive, 9-16 words google drive, 17-24 icloud.
For hardware wallet i am not believing it much, it may be broken and you will still need other methods for recovery (usb device have chance of dead), also i am not sure what inside, is there any chip that will sit there waiting for it time? I don't mean anything to the manufacturers but who know, they may not made it from zero (fabricate from raw material -> finished product). Paper is good too but make sure you need a plastic wrap to protect it from water / humidity environment.
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Who is going to buy the Lamborghini ? Wetsuit has done a good job by hiding his/her identity and once you walk into a Lamborghini dealership, all anonymity is gone. They will have to do a transfer of ownership and also a lot of paper work to finalize this purchase.  Will you arrange that the "winner" deal directly with the dealership and paper work and then only do the final payment when the "winner" is invoiced to do the payment? The actual purchase process might dox either the winner or the owner of Freebitco.in.  The answer to your question is really simple no one in their right frame of mind will buy it, due to tons of expenses that accompany it. As far as the transfer of the ownership is concerned I feel Freebitco will pay the dealer directly, and it shall then be brought in winners name. In my opinion the winner should claim his price in bitcoins, otherwise he’ll spend huge amounts of money in customs and local taxes. I agree the prize should be sent via BTC and let the winner decide if he/she would buy a lambo, But I guess the winner would just keep it on crypto or buy a second hand car that isn't going to be a luxurious because of the money he/she needs for maintenance, And also to keep the anonymity of the winner. There is a group of Youtubler rebuilding wrecked Lambo, goonzquad or something, we would approach to them and make a deal to become another so called bitcoin millionaire, remaining BTC is good enough to spend or save  |
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Miners will then quit, no more competition thus reducing the hashrate and then we are back to where it begin which we will use our own laptops to (mine) verify the transaction, we revert back to original satoshi intention which a block can be mined by a common equipment (laptop/desktop). Remember the cause leads to booming in hashrate that give birth to special electronic equipments called "mining device" you will realise that once all of these devices disappear (unprofitable) it with cause a shutdown in an industry called "bitcoin mining" but the ecosystem is still there and everyone is in a state of "contributing hashrate" to help running bitcoin or "transaction verification" using their common equipments laptop/pc and phone even in the event that there is no tx fees. As of today I am sure that a huge amount of 24/7 online PCs (considering bitcoin owners only) are wasting their power (low CPU usage 1%-2%) will be helpful by then. Assume that you already know that your tx will be resolving in the next block, will you mind to start up the wallet and join the process and along the way there are other transactions thus other users too!
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I am not sure, so far as of today per my knowledge, their Hypervisor/ ESXi can be used for free without any restriction on CPU/cores/and RAM unless you would want to span it to multiple servers.
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I prefer a smaller server (Windows based/ any version) 2 cores and min 4GB ram/ preferrable of 8GB ram, SSD is 50GB..and the important thing is the price $5-$10. If you have or know any provider then please suggest.
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Coinbase themself I assume would have no interest at all, Coinbase has unique meaning/well established and the people would directly enter coinbase.com, and the most important thing is this crypto world is full of scam and phishing, the exchanges will not use alternative domain for traffic redirection, this is more harm than helpful. To be honest what i can say is for an exchange to get alternative domain name with redirection is nothing else than being silly. Just look at all the exchanges' security guidance, the first thing they ask user is to check for valid domain name and valid SSL green certificate.
Sorry to upset you but they won't buy, even binance.io, bitmex.io, bitrex.io....these are sign/ vulnerability of scam.
Given a scenario that they will buy it and make it both domains are valid gateways for the people to come in, what if a scamer make another domain such as coinbase.net, cheat google search engine to get it ranked 1? New comer trying to get in crypto would silly enough to register on the site, input their credit card to buy coin....they are gone, and will accuse Coinbase of not annouching which domains belong to them, etc, blah blah...trouble!
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..."Lamborghini bitcoin" ...
You may even contact local Lamborghini reseller to talk about the deal to get a good price to payout if anyone opt to this option. "Bitcoin for Lamborghini" is already itself somehow a legendary meme, and the company themself Lamborghini/Audi would definately happy to join with you lol. Btw Lamborghini Huracan LP 580-2 is cheaper which is quoted @200k as per contest price, however it nose/head look prettier than the more expesive one LP 580-4 (as per youtubler review) lol. |
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Seeing how many tickets are bought already  and that 179 days left until the end of the contest makes me wonder what if, say, over a million tickets will be bought in the end? I mean 0.00025 BTC, the price of one ticket, is $1.43 currently, and 1.43 × 227153 = 324,828.79 So it is over $320k in the prize pool already although the contest has barely started. It is very likely that there will be over $1 million in the prize pool. Can we expect more than one Lamborghini then?  It's a lot lesser, the same wagered BTC gives the tickets for the normal lottery and the Lambo lottery. So a lot less "earning" they got so far. Also, OT I'm working hard of referrals now, hoping a millionaire will join with my link Crypto millionaire would already around here long enough and would already been with the site. A chance for a USD millionaire to appear under your referrals list by now is slim but would be possible anyhow if you convince them enough reasons . May be a Las Vegas professional gambler one day may wish to hide his ass from these censoring methods/ cameras by switching to gamble with crypto anonymously. |
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~
Edit: wetsuit just updated me on the current split.
So far we have sold 0.5 BTC worth of tickets and given away 67 BTC in tickets.
the cheapest Lamborgini Huracan is around 200k to break even solely from sold tickets it would take ~33.33 BTC (@$6k/BTC) ~133,333 paid tickets still long way to go if wetsuit depends only paid tickets, which I believe he doesn't  I have been reading this thread for years, and what I have noticed is that your referral program is what being abused by various scammers the most. I think maybe you are too generous with your referral commission rates
~
I have a feeling that you are constantly being robbed by the abusers of your referral program.
freebitco.in has a 5% house edge, so I think those % in referral program are still proportional and most likely they use it again to play dice, bet, lottery and then lose it back to house Those sites even with 1% edge is still in profit and they also having promotion event, with them 5% less 1% and 0.4% (assume that this 1.4% will not be reused to gamble again) then with the remaining 2.6% there still alot of ready to take out profit & reservation for risk of the edge may drop below 5% sometimes & reservation for a very small portion for payment to "only to get free thing people". "Too generous" is what cause branding effect to their site that fit their marketing purpose thus gaining users, the more they give..the more they take. This is also a core statement for old users to encourage new people to get in as their referals, you may search around the internet to see how many of those videos trying to get referals without mentioning the "generous program"..none of them lol. And also we can't conclude until at least someone have a chance to look at their balance sheet daily/weekly/monthly lol. |
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I just spotted the following in TERMS & CONDITIONS for the Golden Ticket contest: The winner can also opt to receive US$200,000 in lieu of the car, paid in bitcoins using the exchange rate after the lottery drawing has been done. That's actually a very good thing because not all of us can afford paying the excess shipping costs and any applicable taxes or fees, but $200,000 in BTC wouldn't hurt anyone for sure. Now I can sleep with a peaceful mind not worrying about all those taxes and stuff. In this case i will probably prefer to get paid in cold cash rather than a lambo that i cannot drive due to road condition at my country Specially the taxes and custom duties that cost almost the same price of the current market price of each lambo. Not worth it Yes, drive out/ get it wheel spin on the street in our country..the total cost would be 600k USD ++ (including 200% import tax & 10% VAT tax & insurrance & fees etc...)..Someone here if they win and there is no cash option then he will need to prepare 400k USD to get a 200k USD prize lol. |
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I really don't think you can do anything to them even in the case that the real owner of the site may be US resident too, he will not be that innocence to leave a trace to the identity of himself. The entity registered as a company somewhere on an island (i forgot the name right now) which allow this kind of business, not under the control of any Lottery Rules and the one you've mentioned is just a kind of review company..which get paid to do so. I think they don't even care a single second regarding to that, or Cloudflare what they can do? cancel the contract? well they will just switch to another service, Cloudflare lost a customer, they use a new service provider so no big deal for all. As for your case I am not sure how it was to cause the multi account acussation, but you may definately get bursted with proof, they have fingerprint which use few algorithm to conclude the case if it is originated from one Public IP & one single PC/laptop or not (i expect you understand Pulic IP and Local IP of every single computer/laptop). If they can proof that by using a recognized algorithm, it show you did multi-accounting then you will loose. For the case of wagerer-referer, it just example, and if it is real the guy may have enough level of expertise to bypass the checking algorithms, they can't proof or catch then this guy can get away well. Lastly, even so, for a business if they can conclude that the case bring them more benefit than harm they can just decide to let it be, lol. |
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Dude, you lighted up me regarding to the interest of saving account. 4.08% per year -> 0.34% a month....so he just throw in 5000 BTC to let it sit there for one month/duration of the contest to pay back the 5% edge (17BTC interest). And one may arise question who is stupid enough to put that 5000btc in this site, well if you research how bank work then this site is the same, they need liquidity and thus this big whale is certainly invited (or even an agreement IRL) by the site owner to have his bitcoin sit there to maintain its liquidity level..lol. |
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I disagree. Taking into account that the house edge is 5%, you are likely to lose over 17 BTC while wagering 354 BTC. And the prize, $5,000, for the 1st place is less than 1 BTC, so it doesn't make much of a sense. Same goes for the second prize, $2,500. The refs of the user that won the 2nd prize wagered over 94 BTC, meaning that they lost around 4.7 BTC in the process, so being the same person in that case doesn't make much of a sense either.
So, I tend to agree with @coinlocket$ here. Those winners of the ref contest somehow have managed to gain hundreds, if not thousands, referrals. They are either famous on various popular social media platforms, or very clever, or both.
So what do you say regarding to current month position 1 for both wagering & referal contest? The one single top 1 wagerer is the only one income source for the top 1 referer. It hard to believe that the referer catched that much fishes and only one of his fishes is gambling Few things may take into consider to cover up that 5% edge: 1) Taking into account 500 satoshi wagering reward including x2 ..x5 ..x10 for 2 days a week..much more RP to be exchanged -- this one may be the key to recover as much as it can for the 5% edge. 2) Optimized bot to resolve rounding different of lower range 0.01-> 0.5 or higher range 0.51 -> 0.99...one can do it correctly there will be much different in calculating bet size to maintain a minimum profit after a WIN.. thus requires lesser amount to take as much risk as with higer required amount thus withstand much higher "dead streak" which tend to uncommon to be happened (taken into account the winning cap is 20btc), thus reducing 5% edge. 3) Make use of as fast as possible machine/ and network..may be even hiring a machine within the same data centre as the site's domain/webserver i.e both the wagerer & the site stay on the same hosting / VPS provider. As a normal client pc there may be as less as 4 bets per second max...however with the mentioned case..it can have x3 speed which is 12+bets/sec. |
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would be interesting to know the number of bought tickets, but I'm pretty sure it's a secret only wetsuit knows
toghether with total withdraw, total deposit too, what i think is this guy apart from programming knowledge he probably has quite deep knowledge on banking industry too, risk of upto 80 btc or more to payout within 6 months with uncertain on withdraw, deposit, free give away things, wager, etc... |
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This guy earned 5000$ from the contest, plus the commission for referrals plus the interest from the website.
We can suppose he made 10k $, how many jobs pays so much? Yes this is not for everyone but if you are in this position you will be in a great spot.
Dude, to be honest the referal income source is coming from the top wagerer..which either his wife or her husband (honest and most optimistic case) or the one whale guy himself getting both price (most likely the case). The chance of being a true referer is small, common sense, to make that high wagering amount this guy/gal shall risk much of his/her balance since the winning is capped at 20BTC and to cover that risk of never getting back in profit for a single streak there must be a backup of 1% wagering claim and 0.4% referal and some free RP, in hope to gettting out both top prize claimed to have at least some profit at the end. |
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That means the Bitstamp rate at the time the Bitcoin network mines the block that picks the winner.
As for the transaction fee if the winner decides to withdraw, are you being serious?
Lol yeah, I was typing with other thought in mind 200,000 : 2500 = 80.00000000 BTC...too nice to be rounded thus became a question..lol sorry. |
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I just spotted the following in TERMS & CONDITIONS for the Golden Ticket contest: The winner can also opt to receive US$200,000 in lieu of the car, paid in bitcoins using the exchange rate after the lottery drawing has been done. That's actually a very good thing because not all of us can afford paying the excess shipping costs and any applicable taxes or fees, but $200,000 in BTC wouldn't hurt anyone for sure. Now I can sleep with a peaceful mind not worrying about all those taxes and stuff. Yeah, and that would be a god damn nice if the exchange rate within that period is around $2500 or 80 BTC...birth to another freebitco.in whale in the wagering contest lol. And the most important thing is to feed it with load shit of fuel, maintenance, fixes...all having a good price quote |
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Hi,
Few tips:
- Try to mix the Odds.
- Don't even bother to stop losses, it make you loose always. Think of another way: expect that you would be a serious gambler and will definately return to bet after loosing all sometimes in the future, in sum up say after a year you have put in this site 1 BTC....loosing it all for 12 times..once every a month.
- Instead of that...bet until WIN, just risk it all 1BTC for one go and hope for winning back (one go = bet as many times with a specific or mixed of odds/ NOT ONE BET lol).
- Plan a strategy, write a script that -- asume you know how to write code/javascript at least: 1) win back as low as you can to reduce the martingaled amount at a high loosing streak. i.e: 1 sat on every win, don't expect more than that. 2) completely random the seed every bet. 3) completely random the bet side dont go with pattern.
- With bear in mind that...say for 1BTC and a specific odd you can bet x times until loosing all, try to work around with 1 sat profit on every win and you can bet 3x or more times until loosing all. Think of high odd (1:100 or more) it look hard to win but it actually make you win, but don't go for insanely high odd (like 1:1000, 1:4750) it is then become a lottery game and don't go for too low odd (like 1:2... 1:3) it make your loosing streak appear too fast.
- Finally...you will need luck factor too.
Some info on my account:
- Lost 0.08 BTC on first 7+ million bets...with inexperienced, greedy, want to win big, increase the profit on each win after seeing some decent gaining etc...this is characteristic of gamblers.
- Reduced the lost to 0.026 BTC on next 14+ million bets (total 21+ million bets on the account right now).
- Still going on with expect that loosing again what it has recovered...or will recover it back all completely and pass the +0 mark.
PS: I use bot from other user, lol, search around, if you found and trust it then go for it..the bot owner, btw he is hated in this place so i don't even bother to mention.
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